Australia’s exposure to a Chinese economic hard landing: New findings
Last year the Australia-China Relations Institute (ACRI) reported on modelling by Deloitte that found an economic hard landing in China would send the Australian economy into recession. New research points to a more sanguine outcome.
Inoue, et al. (2018) modelled the impact of a one percentage point drop in Chinese GDP growth.
The NSW-China economic relationship in 2018
1. Over the past year the value of NSW goods exports to China is $8.1 billion. This is a record high. China accounts for 17.4 percent of NSW total goods exports, and is:
- 0.7 times that to Japan;
- 2.1 times that to Korea; and
- 3.0 times that to the US.
New Zealand-China relations: 2017-18
In a 2015 research report for the Australia-China Relations Institute, former New Zealand High Commissioner in Canberra John Larkindale wrote of the New Zealand-China relationship:
The relationship has never become a topic for partisan political division, though elements of China’s growing presence in New Zealand and aspects of the economic links are increasingly attracting debate, and sometimes controversy.
China's Emissions Trading Scheme: What it means for Australia
1. On December 19 2017 China took the first step towards launching a nation-wide carbon emissions trading scheme (ETS). It has been testing emissions trading since 2013 with seven pilot schemes in five cities (Beijing, Chongqing, Tianjin, Shanghai and Shenzen) and two provinces (Guangdong and Hubei).
The Victoria-China economic relationship
1. Victoria’s goods exports are worth $24.7 billion, of which $5.4 billion is to China. This is:
- 1.8 times that to the US;
- 2.6 times that to New Zealand; and
- 3.5 times that to Japan.
2. The value of Victoria’s goods exports to China increased by $1.8 billion in the past five years. This is:
- 1.2 times that to the US, and
- 12.6 times that to New Zealand.
The PRC diaspora in Australia
- In 2015-16 the number of residents in Australia born in the People’s Republic of China (PRC) totalled approximately 526,000. That is, 2.2 percent of the Australian population. This compares with:
- UK 5 percent;
- New Zealand 2.5 percent;
- India 1.9 percent;
- Philippines 1 percent; and
- Vietnam 1 percent.
Australia's tilt on China: An update
In July 2017 the Australia-China Relations Institute (ACRI) published the fact sheet ‘Australia’s tilt on China’, which details Australian government representatives’ statements on China and the Australia-China relationship in the first half of the year.
Since this time, the messages sent on the bilateral relationship have been mixed..
Australian students in China
Australia and the Belt and Road Initiative: An overview
There was only one direct mention of the Belt and Road Initiative (BRI) in Australia’s Foreign Policy White Paper, released on November 23, and it signalled the Australian Government would continue its cautious approach toward the initiative.
Media coverage of Chinese students in Australia
Chinese students in Australia have been a focus of media attention in 2017.
In recent months we’ve seen denunciations of Australian university lecturers who have offended Beijing’s patriotic sensibilities.
Racial chauvinism is only one of the challenges that Beijing is exporting to universities.1
Chinese students at universities in Australia have their professors walking on eggshells.